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Serica

Serica

The First Blockchain Financial Services Network for Small and Medium Businesses

Company Overview

Why did you start the company?

Aaron, Curtis and I are passionate about converting crypto technologies into into real businesses solutions. With combined 10 years of work on the blockchain, we were excited to have strong demand for our web-based wallet and asset exchange. Small Businesses that had trouble acquiring merchant processing capabilities came to us to be able to send and receive payments from partners in their value chain.

Serica is a federally compliant, blockchain-based payments network that facilitates processing and payment networking for merchants that demand near-immediate, low-cost financial systems.

What is measurable proof of your success?

In just 5 months of launching its Merchant Payments platform, Serica has processed $300,000+ in online payments, growing 59% weekly. 90% of repeat customers choose Serica over cash and new merchants continue to join our network, daily.

Traction

  • Over $200,000+ online payments with SericaPay in three months

    October, 2015
  • 59% week over week transaction growth

    October, 2015
  • 90%+ customer retention

    October, 2015
  • Over 1,600 active and paying member network in just 3 months

    October, 2015
  • Median Purchase Order of $100 per transaction

    October, 2015
  • Unblemished Credit Card Charge Back Rate of 0%

    October, 2015
  • Founder from Chase Bank, Goldman Sachs, Knight Capital, Columbia University and MIT

    October, 2015

Testimonials

Sean Percival
Sean Percival
Partner, 500Startups
"I've been tracking Taariq for sometime now and have always been impressed with both his technical abilities and drive to build his business."
Aaron Harris
Aaron Harris
Partner, YCombinator
"Serica is a YCombinator S15 company and we're proud to have them in our batch."
David Nikzad
David Nikzad
Partner, Rainmaker Satsang
"SericaPay is led by a Rock Star Team. Disrupting the Small Business Payments Industry. Boom."
Joby Weeks
Joby Weeks
Partner, Amagi International
"We're proud to be both customers and investors in Serica. This company is redefining digital payments online."
Matthew F. McKnight
Matthew F. McKnight
Angel Investor
"One of our investments that we are really excited about and a team that's trying to do big, big things. "
Josh Jones
Josh Jones
Founder, DreamHost
"We're convinced that this team will continue to unlock massive value and revenue opportunities as they continue to grow their financial services network."
Dan Forster
Dan Forster
Angel Investor
"I'm a trading customer and investor on Serica and I continue to be impressed with the speed and innovation this platform the Serica team delivers."
David Johnston
David Johnston
Board Member at Omni Protocol Foundation
"Suddenly a user can hold all of her funds in a blockchain based asset that is directly tied to the purchasing power of these massively liquid and global markets."
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